NEWS

NEWS

New York, NY (May 11, 2012) – Telx®, a leading provider of global interconnectivity, cloud computing enablement services and data center solutions, marked the beginning of construction on its new flagship data center facility at Two Peekay Drive in Clifton, New Jersey today with a ceremony that featured Telx CEO Eric Shepcaro, New Jersey Lt. Governor Kim Guadagno and Clifton Mayor Jim Anzaldi. Built in conjunction with Mountain Development Corporation, the new energy efficient and purpose-built cloud connection center will offer customized, high power density solutions for small, medium and enterprise businesses, expanding Telx’s footprint in the New Jersey data center landscape.

“Officially breaking ground on the Peekay facility significantly increases our role in the New Jersey business community and further expands the global connectivity solutions that Telx offers its clients,” said Eric Shepcaro, CEO, Telx. “During this challenging economic time our investment in this new facility represents Telx’s commitment to business development and high-tech job growth in the tri-state area.

An incubator of investment and economic growth in the New Jersey area, Telx’s $200 million (inclusive of Mountain Development’s costs for the building shell) new cloud connection center will add 250 people to the New Jersey workforce during the period of the facility’s construction. Current and future Telx clients will have the business flexibility they need to grow with private cages and connectivity to more than 400 hundred carriers, business exchanges and enterprises.

The three-story, flagship data center adds 215,000 gross square feet of high power density, energy efficient space and more than 100,000 square feet of market-leading, customizable colocation space to meet the growing requirements of global customers for heavily networked, outsourced solutions. Like all of Telx’s C3 Cloud Connection Centers, the Peekay facility is a managed, carrier-neutral, secure networking environment for carriers, ISP’s, content providers, financial service companies, bio-pharma and enterprise businesses. In addition, the new facility follows green, energy-efficient standards in accordance with LEED requirements.

“Our Peekay Cloud Connection Center offers customers secure and direct access to Telx’s expansive ecosystem with close proximity to the most important telecommunications and fiber hubs in the world,” said Michael Terlizzi, executive vice president of engineering & construction,Telx.

In addition to Telx CEO Eric Shepcaro, the event featured remarks by Kim Guadagno, Lt. Governor, the State of New Jersey; Jim Anzaldi, Mayor of Clifton; Mike Terlizzi, Executive Vice President of Operations for Telx as well as Michael Seeve and L. Robert Lieb of Mountain Development Corporation.

About Mountain Development Corporation

Mountain Development Corp. (MDC) is a full-service real estate company with over 30 years of experience developing, acquiring, constructing, repositioning, managing, leasing and operating commercial property. MDC is an active acquirer of a broad range of opportunistic and value-added real estate investments capable of generating attractive, risk-adjusted returns for both its principals and equity partners. Active throughout the Northeast, MDC's accomplished staff includes in-house development, accounting, property management, construction, leasing and marketing professionals, enabling the company to operate autonomously and deliver expeditious, successful results.

About C3 Cloud Connection Centers by Telx

Deployed in nine top U.S. markets, C3 Cloud Connection Centers by Telx™ are strategically placed colocation facilities offering advanced data center services including premium power, space, redundancy and Telx’s award-winning InterConnection portfolio of connectivity choices. C3 Cloud Connection Centers are a culmination of Telx’s 10+ years of expertise in bringing together the world’s most important networks in a secure, highly flexible cloud of interconnectivity. When businesses choose to colocate in a Telx Cloud Connection Center, they are not just relocating their infrastructure to a leading, top-tier managed data center and in­terconnection facility; they are also joining a powerful network. Through numerous exchanges, carrier networks, Enterprise backbones and interconnection options, Telx customers have everything they need to create a unique, high-value community in any of Telx’s 17 Cloud Connection Centers.

About Telx

Telx is a leading provider of interconnection and data center services in strategic, high-demand North American markets. With 17 premier C3 Cloud Connection Centers by TelxTM, Telx increases speed to market and reduces connectivity costs by providing direct connections to a community of the industry’s highest performance networks and access to 1,000+ customers, including leading telecommunications carriers, ISPs, cloud providers, content providers and enterprises. Telx is a privately held company headquartered in New York City with five facilities in the New York Metro area, two facilities in Chicago, two facilities in Dallas, four facilities in California, (Los Angeles, San Francisco, and two in Santa Clara) and facilities in Atlanta, Miami, Phoenix and Charlotte, N.C. For more information about Telx, visit http://www.telx.com. Become a fan of Telx on Facebook at http://www.facebook.com/telxgroup.Interconnection. Data Centers. Community.™